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Page 1: THE DOHENY SIX - LoopNet...The Offering Property Overview | The Doheny Six ‘The Doheny Six’ is a rare opportunity to acquire a charming and well-maintained multi-family asset in

DOHENY SIXTH

E

Page 2: THE DOHENY SIX - LoopNet...The Offering Property Overview | The Doheny Six ‘The Doheny Six’ is a rare opportunity to acquire a charming and well-maintained multi-family asset in

PositioningStatement

Location& Lifestyle

IIAn

Introduction

IProperty Overview

Demographics

IVAerial Photos,

Area Map, & Property

Photos

Sourceof Income

Estimated Annualized

Operating Data

Rent Roll Sales Comparables

Financials

V VI VII VIII IX X XI XIIThe

Offering

Table of Content

III

Page 3: THE DOHENY SIX - LoopNet...The Offering Property Overview | The Doheny Six ‘The Doheny Six’ is a rare opportunity to acquire a charming and well-maintained multi-family asset in

Local Experts WorldwideThe Sotheby's International Realty network is an exclusive association of distinguished residential brokerage companies throughout the world. Our network alone generates $1.8 billion in referral sales volume annually.

» b ro k e rag e o f f i c e s 960 local brokerage offices, all leaders in their respective markets.

» g l o b a l r e a l e s tat e m a r k e t i n g h u b s Strategically located in London, Hong Kong, and Miami, these locations service clients by coordinating operations and events.

» s o t h e by ’ s au c t i o n l o cat i o n s Sotheby’s has a global network of 90 offices in 40 countries, and presents auctions in 9 different salesrooms including New York, Hong Kong, and Paris.

OnlyWith Us

onlywithus.com

global reach

brand heritage

extraordinary marketing

pr powerhouse

proven results

®

7 2 c o u n t r i e s

9 6 0 o f f i c e s

22,000 ag e n t s

Page 4: THE DOHENY SIX - LoopNet...The Offering Property Overview | The Doheny Six ‘The Doheny Six’ is a rare opportunity to acquire a charming and well-maintained multi-family asset in

Few agents are as ideally crafted for the sophisticated and intricate Los Angeles marketplace as

Allen Roth. On one hand, his passion for design and discerning appreciation for architecture,

interior design and art enable him to fully grasp the significance of each one-of-a-kind property.

On the other, his mastery of the ever-changing Westside market and adeptness at multimillion-

dollar negotiations and complex transactions make him an invaluable ally to his clients.

Roth doesn’t take his skills lightly. “I’m entrusted with the largest assets of high-net-worth

individuals, investors, attorneys, bankers and business managers,” he says. “I’m a perfectionist.

Only meticulous attention to detail and full understanding of their goals and needs can result

in the unparalleled experience I want to give them.” That experience ranges from presenting

unique residential and commercial properties and wise investment opportunities to his buyers

to showcasing his listings through creative, impactful marketing that results in a successful (and

often very rapid) sale for his sellers.

Low-profile by nature, Roth is something of a best-kept secret on the Westside. After sixteen

years, his clients come solely through referrals. (He earned his license while still in college, and

worked with Keller Williams and Prudential California Realty before joining John Aaroe Group.)

Roth approaches his work with a critical eye and intensely high standards. “Given the countless

neighborhoods and enclaves sprawled across the Westside, the landscape changes quickly, and so

do property values,” he says. “I study properties, areas and values every day. It’s my passion. I find it

endlessly fascinating to live and work in one of the most desirable and talked-about marketplaces

in the world, and to see and be involved with so many beautiful and unique properties. It’s what

motivates me every day.”

18 years experience selling real estate

Attention to detail

Beverly Hills Rotary Club since 2012, Board Member

Unparalleled customer service & response time

ALLENROTH

Page 5: THE DOHENY SIX - LoopNet...The Offering Property Overview | The Doheny Six ‘The Doheny Six’ is a rare opportunity to acquire a charming and well-maintained multi-family asset in
Page 6: THE DOHENY SIX - LoopNet...The Offering Property Overview | The Doheny Six ‘The Doheny Six’ is a rare opportunity to acquire a charming and well-maintained multi-family asset in

A RARE OPPORTUNITY TO ACQUIRE A BEVERLY HILLS MULTI-FAMILY ASSET WITH SIGNIFICANT UPSIDE

‘The Doheny Six,’ situated in the heart of Beverly Hills offers Investors exceptional strength and stability, coupled with robust upside potential. With a favorable unit mix, charm and original detail, this building has always benefited from strong rental demand and high-quality Tenants.

PositioningStatement

Page 7: THE DOHENY SIX - LoopNet...The Offering Property Overview | The Doheny Six ‘The Doheny Six’ is a rare opportunity to acquire a charming and well-maintained multi-family asset in

‘The Doheny Six’ is a rare opportunity in the midst of Beverly Hills, poised in a charming, tree-lined neighborhood setting. There are top-rated restaurants, high-end retailers, and neighborhood cafes in the area, as well as the Beverly Hills Farmers Market, and the world’s most famous shopping district.

Location & Lifestyle

Page 8: THE DOHENY SIX - LoopNet...The Offering Property Overview | The Doheny Six ‘The Doheny Six’ is a rare opportunity to acquire a charming and well-maintained multi-family asset in

34,484Population

5.71Area size (in square miles)

43.4Median Age

41.3%Homeownership

$100,630Median Household Income

2.37Average Household Size

14,578Number of Households

$1.9MMedian Property Value

Demographics

Page 9: THE DOHENY SIX - LoopNet...The Offering Property Overview | The Doheny Six ‘The Doheny Six’ is a rare opportunity to acquire a charming and well-maintained multi-family asset in

The Offering Property Overview | The Doheny Six

‘The Doheny Six’ is a rare opportunity to acquire a charming and well-maintained multi-family asset in the heart of Beverly Hills. Perfectly situated between Olympic and Wilshire Boulevards, in close proximity to Beverly Hills schools, shops, restaurants and amenities, this two-story Traditionally designed building was built on a corner lot in 1946. The six apartment homes comprised of four large one-bedroom, one-bathroom units, one studio and one two-bedroom, one-bathroom unit, all feature period details and original craftsmanship including beautiful, golden oak hardwood floors, built-in shelving, crown moldings, French windows and tiled kitchens & bathrooms. Averaging nearly 900 square feet per unit, the homes offer residents functional, spacious floor plans, formal dining rooms, large bedrooms and an abundance of natural light and airiness. On-site parking for all residents. Laundry is shared with neighboring property. ‘The Doheny Six’ is the perfect portfolio builder; priced attractively below comps and represents significant upside potential for a sound, long-term investment.

PRICE $2,999,000

6

5,074 SQ. FT.

5,760 SQ. FT.

$500,000

$591

2.62%

26.37

6

BUILDING SIZE

GRM

PRICE / UNIT

APN 4331-025-034

UNITS

CAP RATE

LOT SIZE

PARKING

PRICE / SQ. FT

Page 10: THE DOHENY SIX - LoopNet...The Offering Property Overview | The Doheny Six ‘The Doheny Six’ is a rare opportunity to acquire a charming and well-maintained multi-family asset in

Ariel Photos &Area Map

Page 11: THE DOHENY SIX - LoopNet...The Offering Property Overview | The Doheny Six ‘The Doheny Six’ is a rare opportunity to acquire a charming and well-maintained multi-family asset in

Rent Roll

Unit 1

TYPE

300

UNIT #

$1,501.12

ACTUALRENT

$2,500

RENTPROFORMA

1BD / 1BA

2BD / 1BA

BD/BA

300A $1,554.73 $2,5001BD / 1BA

Studio / 1BA

Unit 2

Unit 3 300B $2,5001BD / 1BA

1BD / 1BA

302 $2,369 $2,800

302A $1,233.06 $2,000

302B $1,261.75 $2,500

Unit 4

Unit 5

Unit 6

Total / Month: $9,474.39 (Proforma $14,800)

Total / Year: $113,692.68 (Proforma $177,600)

PropertyPhotos

$1,554.73

Page 12: THE DOHENY SIX - LoopNet...The Offering Property Overview | The Doheny Six ‘The Doheny Six’ is a rare opportunity to acquire a charming and well-maintained multi-family asset in

Financials

Price

Units

Taxes

FINANCIAL INDICATORS

PROPERTY SPECIFICATIONS

EXPENSES (ESTIMATED ANNUALIZED)

$2,999,000

6

$3,480

2.62%

1946

$4,008Current CAP

Year Built

Insurance

Market CAP

Lot SQ. FT.

Management Fees

Water / Trash / Sewer

26.37

5,074

$2,304

$2,400

4.44%

5,760

$4,440

$12,000

16.88

6

$1,800

$1,300

$591

BHR4YY

$1,560

$600

$720

$500,000 $480

$35,092

Current GRM

Building Gross SQ. FT.

Maintenance & Repair

Laundry

Market GRM

Parking Spaces

Plumbing & Elec/ Repairs

Business License

Price Per SQ. FT.

Zoning

Gardening

City of BH Rent Control

Price Per Unit Electricity

TOTAL

Pest Control

Sales Comparables

149 S. Oakhurst Dr.

ADDRESS

6 A

LP

5,881 31.31930 2.076,070

YEARBUILT

$4,999,999 $833,333

$4,695,000 $586,875

# OFUNITS

PRICE /UNIT

STATUSLOTSIZE

SQ. FT. GRMCAP

RATE

8 A 5,330 25.411947 2.237,965$4,695,000 $586,875

$2,850,000 $475,000

$3,799,000 $542,714

346 N. Maple Dr.

158 S. Elm Dr. 6 A 5,386 24.581938 2.276,070$3,999,000 $666,500

$3,200,000 $640,000

$3,450,000 $492,857

8 P 8,209 23.711956 1.57,728

6 S

7 S

5,394 22.21956 2.65,843

6,531 26.381954 2.35,623

5 S

7 S

5,093 19.391937 3.35,754

5,920 21.161954 2.675,620

337 N. Oakhurst Dr.

226 S. Gale Dr.

341 S. Doheny Dr.

163 N. La Peer Dr.

320 S. Doheny Dr.

Page 13: THE DOHENY SIX - LoopNet...The Offering Property Overview | The Doheny Six ‘The Doheny Six’ is a rare opportunity to acquire a charming and well-maintained multi-family asset in

# OF UNITS

4 1 + 1 $1,468.08 $2,500$5,872.33 $10,000

1 STUDIO $1,233.06 $2,000$1,233.06 $2,000

$1.87

$9,474.39

$2.92

$14,800

1 2 + 1 $2,369 $2,800$2,369 $2,800

SCHEDULED GROSS INCOME $113,692.68 $177,600

LESS VACANCY 3% 3%

GROSS OPERATING INCOME $110,281.90

$75,198.90

2.51%

$172,272

$137,180 (54% UPSIDE)

4.57%

LESS EXPENSES $35,092 $35,092

NET OPERATING INCOME

AVG RENT / SF

TOTAL MONTHLY INCOME

PERCENTAGE RETURN

UNIT TYPE AVG. RENT AVG. RENTTOTAL TOTAL

CURRENT CURRENTMARKET MARKET

Source of Income Estimated Annualized Operating Data

Page 14: THE DOHENY SIX - LoopNet...The Offering Property Overview | The Doheny Six ‘The Doheny Six’ is a rare opportunity to acquire a charming and well-maintained multi-family asset in

Allen Roth | 310.387.7087DRE: 1272304 | [email protected] | AllenRoth.com

Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc. SIR DRE License Number: 899496

BEVERLY HILLS BROKERAGE | 9665 WILSHIRE BLVD. SUITE 400, BEVERLY HILLS, CA 90212 | sothebyshomes.com

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